I am not really sure First Reserve sold there whole stake in the company, look at the financial results yesterday and who is on the board of Directors.
It appears to be about mixed between CD & R and First Reserve.
I am thinking CD & R and more in the drivers seat now and why there man is the new CEO. Quite normal when big buy ins happen, same as when First Reserve bought all the stock of CHC they brought in there man as CEO.
We all know what happened there, company is not looking very attractive for investors right now.
Will wait and see what the new CEO can do in these troubled times and keep CHC going.